Finance
A reverse mortgage is available to homeowners who are:
AFirst-time buyers under age 35
BAt least 62 years old with substantial home equity✓ Correct
CAny age with good credit
DLow-income renters converting to ownership
Explanation
Reverse mortgages (HECMs) are available to homeowners aged 62 or older who have substantial equity in their home and wish to convert some of that equity to cash.
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